Eye Share : Post supply valuation under GST must be well aligned with time-tested Excise Valuation

Litigations are already doing rounds around the free post-supply discounts allowed to the distributor and the secondary discounts allowed by the distributor to the dealer. The stakeholders expected a change in this scenario with the launch of the new tax regime, however it has failed to meet the expectations.Mr. K. Srinivasan (IRS) in his article explains the complications and shortfalls revolving around the treatment of the post supply discounts...